22
Oct
2024
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Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine (debate)
Dear citizens of the European Union, throughout the year the European Union tried desperately to use the frozen Russian funds or their interest to create some kind of fund for Ukraine. However, this constantly failed, as the schemes seemed extremely dubious and even resembled the theft of Russian funds. Now the European Union wants to borrow and the stolen interest to be used to repay loans in the future. But first, these funds will never help Ukrainian citizens. They serve only to cover holes in the Ukrainian budget as a credit card used to repay other credit cards. Secondly, this theft of Russian funds could lead to retaliation by Russia, such as the confiscation of assets of European companies in Russia. And third, perhaps worst of all, it sends a terrifying signal. For the first time, the European Union is not only misappropriating funds of its citizens, but also foreign funds. Legally, this is extremely risky and will deter foreign investment in the European Union, because would you invest in a thief?